Finance Minister Jorge Quiroz addressed more than 700 representatives of the financial world gathered at Chile Day Madrid 2026, where he presented the government's economic agenda to recover higher levels of growth and investment, with particular emphasis on the Capital Market and Home Financing Reform Bill, currently under discussion in Congress.

"The challenge is to grow again," the minister emphasized, positioning private investment as a central condition for restoring economic dynamism. "What drives growth is private activity—investment. Public investment is important, of course, but the bulk of investment in any country is private investment," he stressed.

In this context, he positioned the Capital Market and Home Financing Reform Bill as one of the central pillars of that strategy. "We want a capital market that becomes the engine of growth again," he underscored. He outlined the main components: "These are the core topics: housing access and savings incentives, capital access for companies of all sizes, regulatory modernization, alignment with international standards, and Chile as a regional financial center."

The minister emphasized that the initiative is part of a broader economic roadmap built on regulatory streamlining, tax competitiveness, and fiscal consolidation, with all measures designed to work in a complementary manner. "These are not improvised or isolated changes," he stated. "There is regulation that changes supply, there is a capital market component that improves demand, there is a fiscal effort that creates the necessary fiscal space—it is the combination of all these factors," he reinforced.

One pillar of the bill focuses on expanding housing financing options and strengthening down-payment savings mechanisms. On this component, Quiroz explained: "The savings effort is essentially a program requiring at least 30 months of accumulation. The target is for the down payment to be 10%, and if after 30 months of saving, a person has accumulated 7% of that required 10%, the government contributes the remaining 3%—this is the primary fiscal spending component of this reform."

On capital access, the minister addressed the creation of a Junior Stock Exchange and measures to broaden financing alternatives for companies of all sizes. "We are introducing the Junior Stock Exchange, which will have lower listing requirements and significant tax benefits," he said. He continued: "We are bringing the Toronto model to Chile as part of this initiative."

He also emphasized changes aimed at facilitating small and medium-sized enterprise access to the capital market. "This will allow investment funds to invest in SMEs and provide lending to them," he explained. "We are opening the capital market to small and medium-sized enterprises," he stressed.

Before the gathered investors in Madrid, he placed special emphasis on another bill objective: deepening integration between the Chilean market and global financial markets. "We want bonds issued in Chile to be tradable on international platforms," he stressed. "All of this is aimed at giving bonds greater liquidity and enabling them to trade internationally, which facilitates financing," he said.

Along the same lines, he elaborated on measures to align Chilean regulation with international standards and reduce friction for foreign capital inflows. "Essentially, we are aligning with the rest of the world," he stated. Among the specific changes, he highlighted the elimination of the stamp tax for foreign lenders financing Chilean banks.

Toward the conclusion of his remarks, he pointed to emerging signals in investment activity. "We are beginning to see the effects, especially in investment decisions. In the first six months of this government, 114 projects entered the environmental permitting system, valued at USD 39 billion—a record," he noted.

He also projected the outlook for coming years. "The Capital Goods Corporation is also showing record-level projected investment for the next five years—the highest in the last decade," he said. He recalled that the Central Bank projects investment growth of 8.1% for 2027: "Why is this 8.1% so important? Because of the trajectory we showed at the beginning. That is where we need to go," he emphasized.

"There is still much work ahead to restore growth, but we are committed to it," the minister concluded.

The minister's agenda in Madrid also included private meetings with representatives from various economic and financial sectors. The tour now continues in London, one of the world's leading financial centers.